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CBRL comps up 3.1% in August

LEBANON Tenn. CBRL Group Inc. reported Wednesday that same-store restaurant sales at Cracker Barrel Old Country Store increased 3.1 percent for the four weeks ended Aug. 31, versus the comparable four-week period last year.

The gain was aided by a 2-percent increase in average checks, which was helped by an average 2.7-percent increase in menu prices, the company reported. Cracker Barrel’s same-store retail sales increased 0.1 percent in August.

Michael A. Woodhouse, the company’s chairman, president and chief executive, said in a statement that the positive sales and traffic were partly due to consumers’ summer vacation travel and a later start to the school year in some parts of the country.

CBRL noted that the August sales were compared with year-ago comparable weeks and not the prior-year fiscal August period because of the 53rd week in the company’s fiscal year 2007 ended Aug. 3.

The company, based here, operates 562 Cracker Barrel locations in 41 states.

TAGS: Finance News
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